00017027802023FYfalseP3Yhttp://fasb.org/us-gaap/2023#OtherAccruedLiabilitiesCurrenthttp://fasb.org/us-gaap/2023#OtherAccruedLiabilitiesCurrenthttp://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentNethttp://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentNethttp://fasb.org/us-gaap/2023#LongTermDebtCurrenthttp://fasb.org/us-gaap/2023#LongTermDebtCurrenthttp://fasb.org/us-gaap/2023#LongTermDebtNoncurrenthttp://fasb.org/us-gaap/2023#LongTermDebtNoncurrentiso4217:USDxbrli:sharesiso4217:USDxbrli:sharesatus:segmentatus:votexbrli:pure00017027802023-01-012023-12-3100017027802023-06-3000017027802024-07-2600017027802023-12-3100017027802022-12-310001702780us-gaap:RelatedPartyMember2023-12-310001702780us-gaap:RelatedPartyMemberatus:CSCHoldingsMember2022-12-310001702780us-gaap:RelatedPartyMember2022-12-310001702780us-gaap:CommonClassAMember2023-12-310001702780us-gaap:CommonClassAMember2022-12-310001702780us-gaap:CommonClassBMember2023-12-310001702780us-gaap:CommonClassBMember2022-12-310001702780us-gaap:CommonClassCMember2023-12-310001702780us-gaap:CommonClassCMember2022-12-3100017027802022-01-012022-12-310001702780us-gaap:RelatedPartyMember2023-01-012023-12-310001702780us-gaap:RelatedPartyMember2022-01-012022-12-310001702780us-gaap:RelatedPartyMember2021-01-012021-12-3100017027802021-01-012021-12-310001702780us-gaap:CommonStockMemberus-gaap:CommonClassAMember2020-12-310001702780us-gaap:CommonStockMemberus-gaap:CommonClassBMember2020-12-310001702780us-gaap:AdditionalPaidInCapitalMember2020-12-310001702780us-gaap:RetainedEarningsMember2020-12-310001702780us-gaap:TreasuryStockCommonMember2020-12-310001702780us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-310001702780us-gaap:ParentMember2020-12-310001702780us-gaap:NoncontrollingInterestMember2020-12-3100017027802020-12-310001702780us-gaap:RetainedEarningsMember2021-01-012021-12-310001702780us-gaap:ParentMember2021-01-012021-12-310001702780us-gaap:NoncontrollingInterestMember2021-01-012021-12-310001702780us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-12-310001702780us-gaap:AdditionalPaidInCapitalMember2021-01-012021-12-310001702780us-gaap:CommonStockMemberus-gaap:CommonClassAMember2021-01-012021-12-310001702780us-gaap:CommonStockMemberus-gaap:CommonClassBMember2021-01-012021-12-310001702780us-gaap:TreasuryStockCommonMember2021-01-012021-12-310001702780us-gaap:CommonStockMemberus-gaap:CommonClassAMember2022-01-012022-12-310001702780us-gaap:RetainedEarningsMember2022-01-012022-12-310001702780us-gaap:NoncontrollingInterestMember2022-01-012022-12-310001702780us-gaap:CommonStockMemberus-gaap:CommonClassAMember2021-12-310001702780us-gaap:CommonStockMemberus-gaap:CommonClassBMember2021-12-310001702780us-gaap:AdditionalPaidInCapitalMember2021-12-310001702780us-gaap:RetainedEarningsMember2021-12-310001702780us-gaap:TreasuryStockCommonMember2021-12-310001702780us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-310001702780us-gaap:ParentMember2021-12-310001702780us-gaap:NoncontrollingInterestMember2021-12-3100017027802021-12-310001702780us-gaap:ParentMember2022-01-012022-12-310001702780us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-12-310001702780us-gaap:AdditionalPaidInCapitalMember2022-01-012022-12-310001702780us-gaap:CommonStockMemberus-gaap:CommonClassAMember2022-12-310001702780us-gaap:CommonStockMemberus-gaap:CommonClassBMember2022-12-310001702780us-gaap:AdditionalPaidInCapitalMember2022-12-310001702780us-gaap:RetainedEarningsMember2022-12-310001702780us-gaap:TreasuryStockCommonMember2022-12-310001702780us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-12-310001702780us-gaap:ParentMember2022-12-310001702780us-gaap:NoncontrollingInterestMember2022-12-310001702780us-gaap:ParentMember2023-01-012023-12-310001702780us-gaap:NoncontrollingInterestMember2023-01-012023-12-310001702780us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-01-012023-12-310001702780us-gaap:AdditionalPaidInCapitalMember2023-01-012023-12-310001702780us-gaap:CommonStockMemberus-gaap:CommonClassAMember2023-01-012023-12-310001702780us-gaap:CommonStockMemberus-gaap:CommonClassBMember2023-01-012023-12-310001702780us-gaap:CommonStockMemberus-gaap:CommonClassAMember2023-12-310001702780us-gaap:CommonStockMemberus-gaap:CommonClassBMember2023-12-310001702780us-gaap:AdditionalPaidInCapitalMember2023-12-310001702780us-gaap:RetainedEarningsMember2023-12-310001702780us-gaap:TreasuryStockCommonMember2023-12-310001702780us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-12-310001702780us-gaap:ParentMember2023-12-310001702780us-gaap:NoncontrollingInterestMember2023-12-310001702780atus:CSCHoldingsMember2023-12-310001702780atus:CSCHoldingsMember2022-12-310001702780us-gaap:RelatedPartyMemberatus:CSCHoldingsMember2023-12-310001702780atus:CSCHoldingsMember2023-01-012023-12-310001702780atus:CSCHoldingsMember2022-01-012022-12-310001702780atus:CSCHoldingsMember2021-01-012021-12-310001702780atus:CSCHoldingsMemberus-gaap:AdditionalPaidInCapitalMember2020-12-310001702780us-gaap:AccumulatedOtherComprehensiveIncomeMemberatus:CSCHoldingsMember2020-12-310001702780atus:CSCHoldingsMemberus-gaap:ParentMember2020-12-310001702780us-gaap:NoncontrollingInterestMemberatus:CSCHoldingsMember2020-12-310001702780atus:CSCHoldingsMember2020-12-310001702780atus:CSCHoldingsMemberus-gaap:ParentMember2021-01-012021-12-310001702780us-gaap:NoncontrollingInterestMemberatus:CSCHoldingsMember2021-01-012021-12-310001702780us-gaap:AccumulatedOtherComprehensiveIncomeMemberatus:CSCHoldingsMember2021-01-012021-12-310001702780atus:CSCHoldingsMemberus-gaap:AdditionalPaidInCapitalMember2021-01-012021-12-310001702780atus:CSCHoldingsMemberus-gaap:AdditionalPaidInCapitalMember2021-12-310001702780us-gaap:AccumulatedOtherComprehensiveIncomeMemberatus:CSCHoldingsMember2021-12-310001702780atus:CSCHoldingsMemberus-gaap:ParentMember2021-12-310001702780us-gaap:NoncontrollingInterestMemberatus:CSCHoldingsMember2021-12-310001702780atus:CSCHoldingsMember2021-12-310001702780atus:CSCHoldingsMemberus-gaap:ParentMember2022-01-012022-12-310001702780us-gaap:NoncontrollingInterestMemberatus:CSCHoldingsMember2022-01-012022-12-310001702780us-gaap:AccumulatedOtherComprehensiveIncomeMemberatus:CSCHoldingsMember2022-01-012022-12-310001702780atus:CSCHoldingsMemberus-gaap:AdditionalPaidInCapitalMember2022-01-012022-12-310001702780atus:CSCHoldingsMemberus-gaap:AdditionalPaidInCapitalMember2022-12-310001702780us-gaap:AccumulatedOtherComprehensiveIncomeMemberatus:CSCHoldingsMember2022-12-310001702780atus:CSCHoldingsMemberus-gaap:ParentMember2022-12-310001702780us-gaap:NoncontrollingInterestMemberatus:CSCHoldingsMember2022-12-310001702780us-gaap:NoncontrollingInterestMemberatus:CSCHoldingsMember2023-01-012023-12-310001702780us-gaap:AccumulatedOtherComprehensiveIncomeMemberatus:CSCHoldingsMember2023-01-012023-12-310001702780atus:CSCHoldingsMemberus-gaap:ParentMember2023-01-012023-12-310001702780atus:CSCHoldingsMemberus-gaap:AdditionalPaidInCapitalMember2023-01-012023-12-310001702780atus:CSCHoldingsMemberus-gaap:AdditionalPaidInCapitalMember2023-12-310001702780us-gaap:AccumulatedOtherComprehensiveIncomeMemberatus:CSCHoldingsMember2023-12-310001702780atus:CSCHoldingsMemberus-gaap:ParentMember2023-12-310001702780us-gaap:NoncontrollingInterestMemberatus:CSCHoldingsMember2023-12-3100017027802018-06-080001702780atus:A2019ShareRepurchaseAuthorizationMember2019-07-3100017027802020-11-200001702780atus:TotalSharesAuthorizedForRepurchaseMember2023-12-310001702780us-gaap:FranchiseMember2023-01-012023-12-310001702780us-gaap:FranchiseMember2022-01-012022-12-310001702780us-gaap:FranchiseMember2021-01-012021-12-310001702780srt:MinimumMemberus-gaap:CustomerContractsMember2023-12-310001702780us-gaap:CustomerContractsMembersrt:MaximumMember2023-12-310001702780atus:BroadbandMember2023-01-012023-12-310001702780atus:BroadbandMember2022-01-012022-12-310001702780atus:BroadbandMember2021-01-012021-12-310001702780atus:PayTVMember2023-01-012023-12-310001702780atus:PayTVMember2022-01-012022-12-310001702780atus:PayTVMember2021-01-012021-12-310001702780atus:TelephonyMember2023-01-012023-12-310001702780atus:TelephonyMember2022-01-012022-12-310001702780atus:TelephonyMember2021-01-012021-12-310001702780atus:MobileMember2023-01-012023-12-310001702780atus:MobileMember2022-01-012022-12-310001702780atus:MobileMember2021-01-012021-12-310001702780atus:TotalResidentialRevenueMember2023-01-012023-12-310001702780atus:TotalResidentialRevenueMember2022-01-012022-12-310001702780atus:TotalResidentialRevenueMember2021-01-012021-12-310001702780atus:BusinessServicesandWholesaleMember2023-01-012023-12-310001702780atus:BusinessServicesandWholesaleMember2022-01-012022-12-310001702780atus:BusinessServicesandWholesaleMember2021-01-012021-12-310001702780atus:NewsAndAdvertisingMember2023-01-012023-12-310001702780atus:NewsAndAdvertisingMember2022-01-012022-12-310001702780atus:NewsAndAdvertisingMember2021-01-012021-12-310001702780atus:ProductsAndServicesOtherMember2023-01-012023-12-310001702780atus:ProductsAndServicesOtherMember2022-01-012022-12-310001702780atus:ProductsAndServicesOtherMember2021-01-012021-12-310001702780us-gaap:CommonClassAMember2021-12-310001702780us-gaap:CommonClassBMember2021-12-310001702780us-gaap:CommonClassAMember2022-01-012022-12-310001702780us-gaap:CommonClassBMember2022-01-012022-12-310001702780us-gaap:CommonClassAMember2023-01-012023-12-310001702780us-gaap:CommonClassBMember2023-01-012023-12-310001702780atus:RestrictedStockAwardMember2023-01-012023-12-310001702780atus:RestrictedStockAwardMember2022-01-012022-12-310001702780atus:RestrictedStockAwardMember2021-01-012021-12-310001702780us-gaap:RestrictedStockUnitsRSUMember2023-01-012023-12-310001702780us-gaap:RestrictedStockUnitsRSUMember2022-01-012022-12-310001702780us-gaap:RestrictedStockUnitsRSUMember2021-01-012021-12-310001702780atus:DeferredCashDenominatedAwardMember2023-01-012023-12-310001702780atus:DeferredCashDenominatedAwardMember2022-01-012022-12-310001702780atus:DeferredCashDenominatedAwardMember2021-01-012021-12-310001702780us-gaap:EmployeeSeveranceMember2023-01-012023-12-310001702780us-gaap:EmployeeSeveranceMember2022-01-012022-12-310001702780us-gaap:EmployeeSeveranceMember2021-01-012021-12-310001702780atus:FacilityRealignmentAndOtherCosts2016PlanMember2023-01-012023-12-310001702780atus:FacilityRealignmentAndOtherCosts2016PlanMember2022-01-012022-12-310001702780atus:FacilityRealignmentAndOtherCosts2016PlanMember2021-01-012021-12-310001702780atus:TMobileLitigationMember2022-01-012022-12-310001702780atus:TMobileLitigationMember2023-12-310001702780srt:MinimumMemberatus:HeadendsandRelatedEquipmentMember2023-12-310001702780atus:HeadendsandRelatedEquipmentMembersrt:MaximumMember2023-12-310001702780atus:CustomerPremiseEquipmentMember2023-12-310001702780atus:CustomerPremiseEquipmentMember2022-12-310001702780atus:CustomerPremiseEquipmentMembersrt:MinimumMember2023-12-310001702780atus:CustomerPremiseEquipmentMembersrt:MaximumMember2023-12-310001702780atus:HeadendsandRelatedEquipmentMember2023-12-310001702780atus:HeadendsandRelatedEquipmentMember2022-12-310001702780atus:InfrastructureMember2023-12-310001702780atus:InfrastructureMember2022-12-310001702780srt:MinimumMemberatus:InfrastructureMember2023-12-310001702780atus:InfrastructureMembersrt:MaximumMember2023-12-310001702780atus:EquipmentandSoftwareMember2023-12-310001702780atus:EquipmentandSoftwareMember2022-12-310001702780srt:MinimumMemberatus:EquipmentandSoftwareMember2023-12-310001702780srt:MaximumMemberatus:EquipmentandSoftwareMember2023-12-310001702780us-gaap:ConstructionInProgressMember2023-12-310001702780us-gaap:ConstructionInProgressMember2022-12-310001702780us-gaap:FurnitureAndFixturesMember2023-12-310001702780us-gaap:FurnitureAndFixturesMember2022-12-310001702780srt:MinimumMemberus-gaap:FurnitureAndFixturesMember2023-12-310001702780us-gaap:FurnitureAndFixturesMembersrt:MaximumMember2023-12-310001702780us-gaap:TransportationEquipmentMember2023-12-310001702780us-gaap:TransportationEquipmentMember2022-12-310001702780srt:MinimumMemberus-gaap:TransportationEquipmentMember2023-12-310001702780srt:MaximumMemberus-gaap:TransportationEquipmentMember2023-12-310001702780us-gaap:BuildingAndBuildingImprovementsMember2023-12-310001702780us-gaap:BuildingAndBuildingImprovementsMember2022-12-310001702780srt:MinimumMemberus-gaap:BuildingAndBuildingImprovementsMember2023-12-310001702780us-gaap:BuildingAndBuildingImprovementsMembersrt:MaximumMember2023-12-310001702780us-gaap:LeaseholdImprovementsMember2023-12-310001702780us-gaap:LeaseholdImprovementsMember2022-12-310001702780us-gaap:LandMember2023-12-310001702780us-gaap:LandMember2022-12-310001702780us-gaap:SoftwareAndSoftwareDevelopmentCostsMember2023-01-012023-12-310001702780us-gaap:SoftwareAndSoftwareDevelopmentCostsMember2022-01-012022-12-310001702780us-gaap:SoftwareAndSoftwareDevelopmentCostsMember2021-01-012021-12-310001702780us-gaap:CustomerRelationshipsMember2023-12-310001702780us-gaap:CustomerRelationshipsMember2022-12-310001702780srt:MinimumMemberus-gaap:CustomerRelationshipsMember2023-12-310001702780srt:MaximumMemberus-gaap:CustomerRelationshipsMember2023-12-310001702780us-gaap:TradeNamesMember2023-12-310001702780us-gaap:TradeNamesMember2022-12-310001702780srt:MinimumMemberus-gaap:TradeNamesMember2023-12-310001702780srt:MaximumMemberus-gaap:TradeNamesMember2023-12-310001702780us-gaap:OtherIntangibleAssetsMember2023-12-310001702780us-gaap:OtherIntangibleAssetsMember2022-12-310001702780srt:MinimumMemberus-gaap:OtherIntangibleAssetsMember2023-12-310001702780us-gaap:OtherIntangibleAssetsMembersrt:MaximumMember2023-12-310001702780atus:RestructuringAndOtherOperatingItemsMember2023-01-012023-12-3100017027802023-09-300001702780atus:CheddarMember2019-06-300001702780us-gaap:SeniorNotesMemberatus:CSCHoldings5.25NotesdueJune12024Member2023-12-310001702780us-gaap:SubsequentEventMemberus-gaap:SeniorNotesMemberatus:CSCHoldings5.25NotesdueJune12024Member2024-01-250001702780us-gaap:SeniorNotesMemberatus:CSCHoldingsCablevision7500NotesDueApril12028Member2023-12-310001702780us-gaap:SeniorNotesMemberatus:CSCHoldingsCablevision7500NotesDueApril12028Member2022-12-310001702780us-gaap:SeniorNotesMemberatus:CSCHoldings7.500NotesdueApril12028Member2023-12-310001702780us-gaap:SeniorNotesMemberatus:CSCHoldings7.500NotesdueApril12028Member2022-12-310001702780us-gaap:SeniorNotesMemberatus:CSCHoldings5750NotesDueJanuary152030Member2023-12-310001702780us-gaap:SeniorNotesMemberatus:CSCHoldings5750NotesDueJanuary152030Member2022-12-310001702780atus:CSCHoldings4625NotesDueDecember12030Memberus-gaap:SeniorNotesMember2023-12-310001702780atus:CSCHoldings4625NotesDueDecember12030Memberus-gaap:SeniorNotesMember2022-12-310001702780us-gaap:SeniorNotesMemberatus:CSCHoldings5000NotesDueNovember152031Member2023-12-310001702780us-gaap:SeniorNotesMemberatus:CSCHoldings5000NotesDueNovember152031Member2022-12-310001702780atus:CSCHoldings5.5NotesdueApril152027Memberus-gaap:SecuredDebtMember2023-12-310001702780atus:CSCHoldings5.5NotesdueApril152027Memberus-gaap:SecuredDebtMember2022-12-310001702780us-gaap:SecuredDebtMemberatus:A5.375SeniorGuaranteedNotesDueFebruary12028Member2023-12-310001702780us-gaap:SecuredDebtMemberatus:A5.375SeniorGuaranteedNotesDueFebruary12028Member2022-12-310001702780atus:CSCHoldings6500NotesDueFebruary12029Memberus-gaap:SecuredDebtMember2023-12-310001702780atus:CSCHoldings6500NotesDueFebruary12029Memberus-gaap:SecuredDebtMember2022-12-310001702780atus:CSCHoldings4125NotesDueDecember12030Memberus-gaap:SecuredDebtMember2023-12-310001702780atus:CSCHoldings4125NotesDueDecember12030Memberus-gaap:SecuredDebtMember2022-12-310001702780atus:CSCHoldings3375NotesDueFebruary152031Memberus-gaap:SecuredDebtMember2023-12-310001702780atus:CSCHoldings3375NotesDueFebruary152031Memberus-gaap:SecuredDebtMember2022-12-310001702780atus:CSCHoldings4500SeniorGuaranteedNotesDueNovember152031Memberus-gaap:SecuredDebtMember2023-12-310001702780atus:CSCHoldings4500SeniorGuaranteedNotesDueNovember152031Memberus-gaap:SecuredDebtMember2022-12-310001702780atus:CSCHoldings11250SeniorGuaranteedNotesDueMay152028Memberus-gaap:SecuredDebtMember2023-12-310001702780atus:CSCHoldings11250SeniorGuaranteedNotesDueMay152028Memberus-gaap:SecuredDebtMember2022-12-310001702780atus:CSCHoldingsRevolvingCreditFacilityMemberus-gaap:RevolvingCreditFacilityMember2023-12-310001702780atus:CSCHoldingsRevolvingCreditFacilityMemberus-gaap:RevolvingCreditFacilityMember2022-12-310001702780us-gaap:SecuredDebtMemberatus:CSCHoldingsTermLoanBMember2023-12-310001702780us-gaap:SecuredDebtMemberatus:CSCHoldingsTermLoanBMember2022-12-310001702780atus:IncrementalTermLoanB3Memberus-gaap:SecuredDebtMember2023-12-310001702780atus:IncrementalTermLoanB3Memberus-gaap:SecuredDebtMember2022-12-310001702780us-gaap:SecuredDebtMemberatus:IncrementalTermLoanB5Member2023-12-310001702780us-gaap:SecuredDebtMemberatus:IncrementalTermLoanB5Member2022-12-310001702780atus:IncrementalTermLoanB6Memberus-gaap:SecuredDebtMember2023-12-310001702780atus:IncrementalTermLoanB6Memberus-gaap:SecuredDebtMember2022-12-310001702780us-gaap:SeniorNotesMemberatus:CablevisionLightpathLLC5625NotesDueSeptember152028Member2023-12-310001702780us-gaap:SeniorNotesMemberatus:CablevisionLightpathLLC5625NotesDueSeptember152028Member2022-12-310001702780us-gaap:SecuredDebtMemberatus:CablevisionLightpathLLC3875NotesDueSeptember152027Member2023-12-310001702780us-gaap:SecuredDebtMemberatus:CablevisionLightpathLLC3875NotesDueSeptember152027Member2022-12-310001702780us-gaap:SecuredDebtMemberatus:CablevisionLightpathTermBLoanMember2023-12-310001702780us-gaap:SecuredDebtMemberatus:CablevisionLightpathTermBLoanMember2022-12-310001702780us-gaap:RevolvingCreditFacilityMemberatus:CablevisionLightpathRevolvingCreditFacilityMember2023-12-310001702780atus:CablevisionLightpathMember2023-12-310001702780atus:CablevisionLightpathMember2022-12-310001702780us-gaap:CollateralizedDebtObligationsMember2023-12-310001702780us-gaap:CollateralizedDebtObligationsMember2022-12-310001702780atus:NotesPayableAndSupplyChainFinancingMember2023-12-310001702780atus:NotesPayableAndSupplyChainFinancingMember2022-12-310001702780us-gaap:CreditFacilityDomain2023-12-310001702780us-gaap:CreditFacilityDomain2022-12-310001702780us-gaap:CollateralizedDebtObligationsMember2023-12-310001702780us-gaap:CollateralizedDebtObligationsMember2022-12-310001702780us-gaap:LoansPayableMember2023-12-310001702780us-gaap:LoansPayableMember2022-12-310001702780us-gaap:ShortTermDebtMember2023-12-310001702780us-gaap:ShortTermDebtMember2022-12-310001702780us-gaap:LongTermDebtMember2023-12-310001702780us-gaap:LongTermDebtMember2022-12-310001702780us-gaap:RevolvingCreditFacilityMemberus-gaap:SecuredDebtMemberatus:CreditAdjustmentSpreadMember2023-01-012023-12-310001702780us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberus-gaap:SecuredDebtMemberatus:CSCHoldingsRevolvingCreditFacilityMember2023-01-012023-12-310001702780us-gaap:SecuredDebtMemberatus:CSCHoldingsTermLoanBMember2023-01-012023-12-310001702780atus:SyntheticLIBORMemberus-gaap:SecuredDebtMemberatus:CSCHoldingsTermLoanBMember2023-01-012023-12-310001702780atus:CSCHoldingsTermLoanB3Memberus-gaap:SecuredDebtMember2023-01-012023-12-310001702780atus:SyntheticLIBORMemberatus:CSCHoldingsTermLoanB3Memberus-gaap:SecuredDebtMember2023-01-012023-12-310001702780us-gaap:SecuredDebtMemberatus:CSCHoldingsTermLoanB5Member2023-01-012023-12-310001702780atus:SyntheticLIBORMemberus-gaap:SecuredDebtMemberatus:CSCHoldingsTermLoanB5Member2023-01-012023-12-310001702780us-gaap:SecuredDebtMemberatus:CSCHoldingsTermLoanB6Member2023-01-012023-12-310001702780atus:SyntheticLIBORRateOneMonthMemberus-gaap:SecuredDebtMember2023-01-012023-12-310001702780us-gaap:SecuredDebtMemberatus:SyntheticLIBORRateThreeMonthsMember2023-01-012023-12-310001702780atus:SyntheticLIBORRateSixMonthsMemberus-gaap:SecuredDebtMember2023-01-012023-12-310001702780atus:CSCHoldingsRevolvingCreditFacilityMemberus-gaap:RevolvingCreditFacilityMember2023-01-012023-12-310001702780atus:CSCCreditFacilitiesMember2023-01-012023-12-310001702780atus:CSCCreditFacilitiesMember2023-12-310001702780us-gaap:SeniorNotesMemberatus:CSCHoldings112500SeniorGuaranteedNotesDueMay152028Member2023-04-250001702780us-gaap:SecuredDebtMemberatus:CablevisionLightpathTermBLoanMember2020-12-310001702780us-gaap:SecuredDebtMemberatus:CablevisionLightpathTermBLoanMember2020-01-012020-12-310001702780us-gaap:SecuredDebtMemberatus:CablevisionLightpathTermBLoanMember2023-01-012023-12-310001702780atus:SyntheticLIBORRateOneMonthMemberus-gaap:SecuredDebtMemberatus:CablevisionLightpathTermBLoanMember2023-01-012023-12-310001702780atus:SyntheticLIBORRateSixMonthsMemberus-gaap:SecuredDebtMemberatus:CablevisionLightpathTermBLoanMember2023-01-012023-12-310001702780us-gaap:SecuredDebtMemberatus:CablevisionLightpathTermBLoanMemberatus:AlternateBaseRateMember2023-01-012023-12-310001702780us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberus-gaap:SecuredDebtMemberatus:CablevisionLightpathTermBLoanMember2023-01-012023-12-310001702780atus:CablevisionLightpathTermBLoanMember2023-12-310001702780us-gaap:LoansPayableMember2022-12-310001702780us-gaap:LoansPayableMember2023-01-012023-12-310001702780us-gaap:LoansPayableMember2023-12-310001702780us-gaap:CollateralizedDebtObligationsMember2023-01-240001702780us-gaap:ForwardContractsMemberus-gaap:NondesignatedMemberatus:CurrentDerivativeContractsMember2023-12-310001702780us-gaap:ForwardContractsMemberus-gaap:NondesignatedMemberatus:CurrentDerivativeContractsMember2022-12-310001702780us-gaap:InterestRateSwapMemberatus:LongTermDerivativeContractsMemberus-gaap:NondesignatedMember2023-12-310001702780us-gaap:InterestRateSwapMemberatus:LongTermDerivativeContractsMemberus-gaap:NondesignatedMember2022-12-310001702780atus:MonetizationContractsMember2023-01-012023-12-310001702780atus:MonetizationContractsMember2022-01-012022-12-310001702780atus:MonetizationContractsMember2021-01-012021-12-310001702780atus:ComcastStockMember2023-01-012023-12-310001702780atus:ComcastStockMember2022-01-012022-12-310001702780atus:ComcastStockMember2021-01-012021-12-310001702780us-gaap:InterestRateSwapMemberatus:DerivativeInstrumentMaturityDate2025Fixed153Member2023-12-310001702780us-gaap:InterestRateSwapMemberatus:DerivativeInstrumentMaturityDate2025Fixed13281AmendedMember2023-12-310001702780us-gaap:InterestRateSwapMemberatus:DerivativeInstrumentMaturityDate2025Fixed1625Member2023-12-310001702780us-gaap:InterestRateSwapMemberatus:DerivativeInstrumentMaturityDate2025Fixed14223AmendedMember2023-12-310001702780us-gaap:InterestRateSwapMemberatus:DerivativeInstrumentMaturityDate2025Fixed1458Member2023-12-310001702780atus:DerivativeInstrumentMaturityDate2025Fixed12567AmendedMemberus-gaap:InterestRateSwapMember2023-12-310001702780us-gaap:InterestRateSwapMemberatus:DerivativeInstrumentMaturityDate2026Fixed29155Member2023-12-310001702780us-gaap:InterestRateSwapMemberatus:DerivativeInstrumentMaturityDate2025Fixed27129AmendedMember2023-12-310001702780us-gaap:InterestRateSwapMemberatus:DerivativeInstrumentMember2023-12-310001702780us-gaap:InterestRateSwapMemberatus:DerivativeInstrumentMaturing2026Fixed29025Member2023-12-310001702780us-gaap:InterestRateSwapMemberatus:DerivativeInstrumentMaturityDate2025Fixed26999AmendedMember2023-12-310001702780us-gaap:InterestRateSwapMemberatus:DerivativeInstrumentMaturityDate2026Fixed2161Memberatus:CablevisionLightpathMember2023-12-310001702780us-gaap:InterestRateSwapMemberatus:CablevisionLightpathMemberatus:DerivativeInstrumentMaturing2026Fixed2161Member2023-12-310001702780us-gaap:InterestRateSwapMemberatus:CablevisionLightpathMemberatus:DerivativeInstrumentMaturing2026Fixed2111Member2023-12-310001702780us-gaap:InterestRateSwapMemberatus:DerivativeInstrumentMaturityDate2026Fixed3523Memberatus:CablevisionLightpathMember2023-12-310001702780us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MoneyMarketFundsMemberus-gaap:FairValueInputsLevel1Member2023-12-310001702780us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MoneyMarketFundsMemberus-gaap:FairValueInputsLevel1Member2022-12-310001702780us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2023-12-310001702780us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2022-12-310001702780us-gaap:ForwardContractsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001702780us-gaap:ForwardContractsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001702780us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001702780us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001702780us-gaap:FairValueInputsLevel2Memberatus:CSCHoldingsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:LineOfCreditMember2023-12-310001702780us-gaap:FairValueInputsLevel2Memberatus:CSCHoldingsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:LineOfCreditMember2023-12-310001702780us-gaap:FairValueInputsLevel2Memberatus:CSCHoldingsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:LineOfCreditMember2022-12-310001702780us-gaap:FairValueInputsLevel2Memberatus:CSCHoldingsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:LineOfCreditMember2022-12-310001702780us-gaap:FairValueInputsLevel2Memberatus:CSCHoldingsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:SecuredDebtMember2023-12-310001702780us-gaap:FairValueInputsLevel2Memberatus:CSCHoldingsMemberus-gaap:SecuredDebtMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-310001702780us-gaap:FairValueInputsLevel2Memberatus:CSCHoldingsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:SecuredDebtMember2022-12-310001702780us-gaap:FairValueInputsLevel2Memberatus:CSCHoldingsMemberus-gaap:SecuredDebtMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310001702780atus:SeniorGuaranteeNotesMemberus-gaap:FairValueInputsLevel2Memberatus:CSCHoldingsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-12-310001702780atus:SeniorGuaranteeNotesMemberus-gaap:FairValueInputsLevel2Memberatus:CSCHoldingsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-310001702780atus:SeniorGuaranteeNotesMemberus-gaap:FairValueInputsLevel2Memberatus:CSCHoldingsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310001702780atus:SeniorGuaranteeNotesMemberus-gaap:FairValueInputsLevel2Memberatus:CSCHoldingsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310001702780us-gaap:FairValueInputsLevel2Memberatus:CSCHoldingsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:SeniorDebtObligationsMember2023-12-310001702780us-gaap:FairValueInputsLevel2Memberatus:CSCHoldingsMemberus-gaap:SeniorDebtObligationsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-310001702780us-gaap:FairValueInputsLevel2Memberatus:CSCHoldingsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:SeniorDebtObligationsMember2022-12-310001702780us-gaap:FairValueInputsLevel2Memberatus:CSCHoldingsMemberus-gaap:SeniorDebtObligationsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310001702780us-gaap:NotesPayableOtherPayablesMemberus-gaap:FairValueInputsLevel2Memberatus:CSCHoldingsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-12-310001702780us-gaap:NotesPayableOtherPayablesMemberus-gaap:FairValueInputsLevel2Memberatus:CSCHoldingsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-310001702780us-gaap:NotesPayableOtherPayablesMemberus-gaap:FairValueInputsLevel2Memberatus:CSCHoldingsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310001702780us-gaap:NotesPayableOtherPayablesMemberus-gaap:FairValueInputsLevel2Memberatus:CSCHoldingsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310001702780us-gaap:CarryingReportedAmountFairValueDisclosureMember2023-12-310001702780us-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-310001702780us-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310001702780us-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310001702780atus:NewsdayMember2021-12-310001702780atus:NewsdayMember2021-01-012021-12-310001702780atus:I24NewsSarlMember2021-01-012021-12-310001702780atus:CablevisionLightpathMemberatus:CablevisionLightpathMember2023-12-310001702780us-gaap:EmployeeStockOptionMemberatus:A2017LTIPMember2023-01-012023-12-310001702780us-gaap:EmployeeStockOptionMemberatus:A2017LTIPMember2022-01-012022-12-310001702780us-gaap:EmployeeStockOptionMemberatus:A2017LTIPMember2021-01-012021-12-310001702780us-gaap:EmployeeStockOptionMemberatus:A2017LTIPMember2023-12-310001702780us-gaap:PerformanceSharesMemberatus:A2017LTIPMember2023-01-012023-12-310001702780us-gaap:PerformanceSharesMemberatus:A2017LTIPMember2022-01-012022-12-310001702780us-gaap:PerformanceSharesMemberatus:A2017LTIPMember2021-01-012021-12-310001702780us-gaap:PerformanceSharesMemberatus:A2017LTIPMember2023-12-310001702780us-gaap:RestrictedStockUnitsRSUMemberatus:A2017LTIPMember2023-01-012023-12-310001702780us-gaap:RestrictedStockUnitsRSUMemberatus:A2017LTIPMember2022-01-012022-12-310001702780us-gaap:RestrictedStockUnitsRSUMemberatus:A2017LTIPMember2021-01-012021-12-310001702780us-gaap:RestrictedStockUnitsRSUMemberatus:A2017LTIPMember2023-12-310001702780atus:CarryUnitPlanMemberus-gaap:RestrictedStockUnitsRSUMember2023-01-012023-12-310001702780atus:CarryUnitPlanMemberus-gaap:RestrictedStockUnitsRSUMember2022-01-012022-12-310001702780atus:CarryUnitPlanMemberus-gaap:RestrictedStockUnitsRSUMember2021-01-012021-12-310001702780atus:CarryUnitPlanMemberus-gaap:RestrictedStockUnitsRSUMember2023-12-310001702780atus:A2017AmendedLTIPMemberus-gaap:StockCompensationPlanMember2023-12-310001702780atus:A2017LTIP3YearAwardMemberus-gaap:EmployeeStockOptionMember2023-01-012023-12-310001702780atus:A2017LTIP3YearAwardMemberus-gaap:ShareBasedCompensationAwardTrancheOneMemberus-gaap:EmployeeStockOptionMember2023-01-012023-12-310001702780atus:A2017LTIP4YearAwardMemberus-gaap:EmployeeStockOptionMember2023-01-012023-12-310001702780atus:A2017LTIP4YearAwardMemberus-gaap:ShareBasedCompensationAwardTrancheOneMemberus-gaap:EmployeeStockOptionMember2023-01-012023-12-310001702780atus:A2017LTIP4YearAwardMemberus-gaap:ShareBasedCompensationAwardTrancheTwoMemberus-gaap:EmployeeStockOptionMember2023-01-012023-12-310001702780us-gaap:ShareBasedCompensationAwardTrancheThreeMemberatus:A2017LTIP4YearAwardMemberus-gaap:EmployeeStockOptionMember2023-01-012023-12-310001702780us-gaap:EmployeeStockOptionMemberatus:A2017LTIPMember2020-12-310001702780atus:A2017LTIPMember2020-12-3100017027802020-01-012020-12-310001702780atus:A2017LTIPMember2021-01-012021-12-310001702780us-gaap:EmployeeStockOptionMemberatus:A2017LTIPMember2021-12-310001702780atus:A2017LTIPMember2021-12-310001702780atus:A2017LTIPMember2022-01-012022-12-310001702780us-gaap:EmployeeStockOptionMemberatus:A2017LTIPMember2022-12-310001702780atus:A2017LTIPMember2022-12-310001702780atus:A2017LTIPMember2023-01-012023-12-310001702780atus:A2017LTIPMember2023-12-3100017027802023-01-310001702780us-gaap:PerformanceSharesMemberatus:A2017LTIPMember2020-12-310001702780us-gaap:PerformanceSharesMemberatus:A2017LTIPMember2021-12-310001702780us-gaap:PerformanceSharesMemberatus:A2017LTIPMember2022-12-310001702780atus:A2017LTIPMemberatus:PerformanceUnitsMember2023-01-012023-12-310001702780atus:A2017AmendedLTIPMemberus-gaap:ShareBasedCompensationAwardTrancheOneMemberus-gaap:EmployeeStockOptionMember2023-01-012023-12-310001702780us-gaap:RestrictedStockMemberatus:A2019LTIPMember2023-01-012023-12-310001702780us-gaap:RestrictedStockMemberus-gaap:ShareBasedCompensationAwardTrancheOneMemberatus:A2019LTIPMember2023-01-012023-12-310001702780us-gaap:RestrictedStockMemberus-gaap:ShareBasedCompensationAwardTrancheTwoMemberatus:A2019LTIPMember2023-01-012023-12-310001702780us-gaap:ShareBasedCompensationAwardTrancheThreeMemberus-gaap:RestrictedStockMemberatus:A2019LTIPMember2023-01-012023-12-310001702780us-gaap:RestrictedStockUnitsRSUMemberatus:A2017LTIPMember2020-12-310001702780us-gaap:RestrictedStockUnitsRSUMemberatus:A2017LTIPMember2021-12-310001702780us-gaap:RestrictedStockUnitsRSUMemberatus:A2017LTIPMember2022-12-310001702780us-gaap:ShareBasedCompensationAwardTrancheOneMemberus-gaap:EmployeeStockOptionMemberatus:A2017LTIPMember2023-01-012023-12-310001702780atus:ClassA1ManagementIncentiveUnitsMemberatus:A2021LightpathIncentivePlanMember2023-12-310001702780atus:ClassA2ManagementIncentiveUnitsMemberatus:A2021LightpathIncentivePlanMember2023-12-310001702780atus:ClassA1ManagementIncentiveUnitsMemberatus:A2021LightpathIncentivePlanMember2023-01-012023-12-310001702780atus:ClassA2ManagementIncentiveUnitsMemberatus:A2021LightpathIncentivePlanMember2023-01-012023-12-310001702780us-gaap:RelatedPartyMemberatus:AlticeManagementAmericasMember2023-12-310001702780us-gaap:RelatedPartyMemberatus:AlticeManagementAmericasMember2022-12-310001702780us-gaap:RelatedPartyMemberatus:OtherRelatedPartyMember2023-12-310001702780us-gaap:RelatedPartyMemberatus:OtherRelatedPartyMember2022-12-310001702780us-gaap:RelatedPartyMemberatus:AlticeManagementInternationalMember2023-12-310001702780us-gaap:RelatedPartyMemberatus:AlticeManagementInternationalMember2022-12-310001702780us-gaap:PurchaseCommitmentMember2023-12-310001702780us-gaap:GuaranteesMember2023-12-310001702780us-gaap:LineOfCreditMember2023-12-310001702780atus:PoleRentalsMember2023-01-012023-12-310001702780atus:PoleRentalsMember2021-01-012021-12-310001702780atus:WarnerMatterMember2023-12-310001702780atus:BMGMatterMember2023-12-310001702780us-gaap:SubsequentEventMemberus-gaap:SecuredDebtMemberatus:CSCHoldings11750SeniorGuaranteedNotesDueJanuary152029Member2024-01-250001702780us-gaap:SubsequentEventMemberatus:CSCHoldingsRevolvingCreditFacilityMemberus-gaap:RevolvingCreditFacilityMember2024-01-012024-01-31

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549
FORM 10-K/A
(Amendment No. 1)
(Mark One)
☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
 For the fiscal year endedDecember 31, 2023
 
OR
☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
 For the transition period from to 
Commission File NumberRegistrant; State of Incorporation; Address and Telephone Number IRS Employer Identification No.
    
001-38126
alticelogoa65.jpg
38-3980194
Altice USA, Inc.
  Delaware  
  1 Court Square West  
  Long Island City, New York11101  
 (516)803-2300 


Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Class A Common Stock, par value $0.01 per share ATUSNYSE
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
Yes
☒
No
☐
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
Yes
☐
No
☒
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes
☒
No
☐


Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
Yes
☒
No
☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer", "accelerated filer", "smaller reporting company", and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large Accelerated Filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
 Emerging growth company☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.
☒
If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.
☐
Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).
☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).
Yes☐No☒
Aggregate market value of the voting and non-voting common equity held by non-affiliates of Altice USA, Inc. computed by reference to the price at which the common equity was last sold on the New York Stock Exchange as of June 30, 2023:
$656,665,390 
Number of shares of common stock outstanding as of July 26, 2024460,583,380 
Documents incorporated by reference
None.

EXPLANATORY NOTE

Altice USA, Inc. (the “Company”) filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission (“SEC”) on February 15, 2024 (the “Original Form 10-K”). This Amendment No. 1 on Form 10-K (this “Amendment” or “Form 10-K/A”) is solely to amend the Report of Independent Registered Public Accounting Firm of KPMG LLP (“KPMG”) on the consolidated financial statements of our wholly-owned subsidiary, CSC Holdings, LLC (“CSCH”), included in Part II, Item 8 of the Original Form 10-K (the “Original CSCH Report”). The Original CSCH Report, as filed, inadvertently excluded the phrase “and in accordance with auditing standards generally accepted in the United States of America” at the end of the first sentence of the second paragraph under the Basis for Opinion section included in the signed report. The CSCH consolidated financial statements themselves are not affected, and this Amendment does not alter in any way KPMG’s opinion on CSCH’s consolidated financial statements.

As required by Rule 12b-15 under the Securities Exchange Act of 1934, as amended, because the Original CSCH Report was included within Item 8 of the Original Form 10-K, this Form 10-K/A sets forth the complete text of Item 8; however, except for the corrections made to the Original CSCH Report noted above, no revisions or modifications have been made to the financial statements or any other information contained within Item 8 or Item 9A of the Original Form 10-K. In addition, the information contained in this Amendment does not reflect events occurring after the Original Form 10-K. This Amendment should be read in conjunction with the Company’s other filings with the SEC, including the Original Form 10-K.



Additionally, in accordance with Rule 12b-15, the Company is including with this Amendment currently dated certifications from its Chief Executive Officer and Chief Financial Officer. These certifications are filed or furnished, as applicable, as Exhibits 31.1, 31.2 and 32. This Amendment consists solely of the preceding cover page, this explanatory note, Item 8, Item 9A, the list of exhibits filed with this Amendment, the signature page, and the certifications.




TABLE OF CONTENTS


  Page
Part II  
 8.
   
 9A.
   
Part IV  
 15.

1



PART II
Item 8.     Financial Statements and Supplementary Data
For information required by Item 8, refer to the Index to Financial Statements on page F-1.
Item 9A.    Controls and Procedures
Evaluation of Disclosure Controls and Procedures
An evaluation was carried out under the supervision and with the participation of Altice USA's management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures (as defined under SEC rules). Based upon that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that the design and operation of these disclosure controls and procedures were effective as of December 31, 2023.
Management's Annual Report on Internal Control Over Financial Reporting
Management is responsible for establishing and maintaining effective internal control over financial reporting as defined in Rules 13a-15(f) under the Securities Exchange Act of 1934, as amended. Our internal control over financial reporting is a process designed under the supervision of our Chief Executive Officer and Chief Financial Officer to provide reasonable assurance to our management and Board of Directors regarding the reliability of financial reporting and the preparation of our external financial statements, including estimates and judgments, in accordance with accounting principles generally accepted in the United States of America.
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.  Therefore, even those internal controls determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation. Also, the evaluation of the effectiveness of internal control over financial reporting was made as of a specific date, and continued effectiveness in future periods is subject to the risks that controls may become inadequate because of changes in conditions or that the degree of compliance with the policies and procedures may decline.
Management conducted an assessment of the effectiveness of our internal control over financial reporting based on the framework established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) (2013 framework). Based on this assessment, management concluded that our internal control over financial reporting was effective as of December 31, 2023.
Audit Report of the Independent Registered Public Accounting Firm
The effectiveness of our internal control over financial reporting as of December 31, 2023 has been audited by KPMG LLP, an independent registered public accounting firm, as stated in their audit report on our internal control over financial reporting appearing on page F-2.
Changes in Internal Control
During the year ended December 31, 2023, there were no changes in our internal control over financial reporting that materially affected or are reasonably likely to materially affect our internal control over financial reporting.
PART IV
Item 15.    Exhibits and Financial Statement Schedules
(a)The following documents are filed as part of this report:
i.The financial statements as indicated in the index set forth on page F-1.
ii.Financial statement schedules have been omitted, since they are either not applicable, not required or the information is included elsewhere herein.
iii.The Index to Exhibits is on page 3.
2



EXHIBIT INDEX

The following additional Exhibits 31.1, 31.2, 101 and 104 are filed with this Form 10-K/A. The following additional Exhibit 32 is furnished with this Form 10-K/A.
Exhibit No.Exhibit Description
101The following financial statements of Altice USA, Inc. included in this Form 10-K/A for the year ended December 31, 2023, filed with the Securities and Exchange Commission on August 1, 2024, formatted in iXBRL (inline eXtensible Business Reporting Language): (i) the Consolidated Balance Sheets; (ii) the Consolidated Statements of Operations; (iii) the Consolidated Statements of Comprehensive Income; (iv) the Consolidated Statements of Stockholders' Deficiency; (v) the Consolidated Statements of Cash Flows; and (vi) the Combined Notes to Consolidated Financial Statements.
104The cover page from this Form 10-K/A formatted in Inline XBRL.
3




SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Amendment No. 1 to the Annual Report on Form 10-K for the fiscal year ended December 31, 2023 to be signed on its behalf by the undersigned, thereunto duly authorized on the 1st day of August, 2024.
 Altice USA, Inc.
  
By:/s/ Marc Sirota
Name:Marc Sirota
Title:Chief Financial Officer

4



INDEX TO FINANCIAL STATEMENTS
Page
Auditor Name: KPMG LLP
Auditor Location: New York, New York
Auditor Firm ID: 185
ALTICE USA, INC. AND SUBSIDIARIES
Consolidated Financial Statements
Supplemental Financial Statements Furnished:
CSC HOLDINGS, LLC AND SUBSIDIARIES
Consolidated Financial Statements
F-1

Report of Independent Registered Public Accounting Firm

To the Stockholders and Board of Directors
Altice USA, Inc.
Opinion on Internal Control Over Financial Reporting
We have audited Altice USA, Inc. and subsidiaries' (the Company) internal control over financial reporting as of December 31, 2023, based on criteria established in Internal Control – Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission. In our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2023, based on criteria established in Internal Control – Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated balance sheets of the Company as of December 31, 2023 and 2022, the related consolidated statements of operations, comprehensive income, stockholders’(deficiency), and cash flows for each of the years in the three-year period ended December 31, 2023, and the related notes (collectively, the consolidated financial statements), and our report dated February 14, 2024 expressed an unqualified opinion on those consolidated financial statements.
Basis for Opinion
The Company’s management is responsible for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting, included in the accompanying Management's Annual Report on Internal Control Over Financial Reporting. Our responsibility is to express an opinion on the Company’s internal control over financial reporting based on our audit. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects. Our audit of internal control over financial reporting included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. Our audit also included performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion.
Definition and Limitations of Internal Control Over Financial Reporting
A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

/s/ KPMG LLP
New York, New York
February 14, 2024
F-2

Report of Independent Registered Public Accounting Firm
To the Stockholders and Board of Directors
Altice USA, Inc.:
Opinion on the Consolidated Financial Statements
We have audited the accompanying consolidated balance sheets of Altice USA, Inc. and subsidiaries (the Company) as of December 31, 2023 and 2022, the related consolidated statements of operations, comprehensive income, stockholders’ (deficiency), and cash flows for each of the years in the three-year period ended December 31, 2023, and the related notes (collectively, the consolidated financial statements). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2023 and 2022, and the results of its operations and its cash flows for each of the years in the three-year period ended December 31, 2023, in conformity with U.S. generally accepted accounting principles.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company’s internal control over financial reporting as of December 31, 2023, based on criteria established in Internal Control – Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission, and our report dated February 14, 2024 expressed an unqualified opinion on the effectiveness of the Company’s internal control over financial reporting.
Basis for Opinion
These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion.
Critical Audit Matter
The critical audit matter communicated below is a matter arising from the current period audit of the consolidated financial statements that was communicated or required to be communicated to the audit committee and that: (1) relates to accounts or disclosures that are material to the consolidated financial statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of a critical audit matter does not alter in any way our opinion on the consolidated financial statements, taken as a whole, and we are not, by communicating the critical audit matter below, providing a separate opinion on the critical audit matter or on the accounts or disclosures to which it relates.
Evaluation of Goodwill for Impairment
As discussed in Note 10 to the consolidated financial statements, the Company’s goodwill balance as of December 31, 2023, was $8,045 million. The Company assesses recoverability of goodwill at the reporting unit level annually, or more frequently whenever events or changes in circumstances indicate that the carrying amount of a reporting unit more likely than not exceeds its fair value. The Company recognized an impairment charge of $163.1 million for the year ended December 31, 2023, relating to its News and Advertising reporting unit, as its carrying value exceeded its fair value. There was no impairment recognized related to the Telecommunications reporting unit.
We identified the evaluation of goodwill for impairment for the News and Advertising and Telecommunications reporting units as a critical audit matter. Challenging auditor judgment and involvement of valuation professionals with specialized skills and knowledge were required to evaluate certain assumptions used to estimate the fair value of these reporting units, such as revenue growth rates, long-term growth rates, and discount rates. Changes in these assumptions could have had a significant impact on the Company’s assessment of each reporting unit’s carrying value of goodwill.
F-3

The following are the primary procedures we performed to address this critical audit matter. We evaluated the design and tested the operating effectiveness of certain internal controls related to the annual goodwill impairment testing. This included controls related to the Company’s development of revenue growth rates, long-term growth rates, and discount rates. We performed sensitivity analyses over the revenue growth rate, long-term growth rate, and discount rate assumptions used in the Company’s estimates of the fair values of the News and Advertising and Telecommunications reporting units. We evaluated the Company’s revenue growth rate assumptions for each reporting unit by comparing them to each reporting unit’s historical revenue growth rates. We compared the Company’s historical revenue forecasts to actual results to assess the Company’s ability to accurately forecast. We involved valuation professionals with specialized skills and knowledge, who assisted in:
•evaluating the long-term growth rates by independently developing long-term growth rate ranges using publicly available market data and comparing them to the Company’s long-term growth rates
•evaluating the discount rates by independently developing discount rate ranges using publicly available market data for comparable entities and comparing them to the Company’s discount rate for each reporting unit
•developing an estimated range of fair value for each reporting unit using the Company’s cash flow projections and the independently developed discount rate ranges and long-term growth rates and compared the results to the Company’s fair value estimates.

/s/ KPMG LLP

We have served as the Company’s auditor since 2016.
New York, New York
February 14, 2024
F-4

Report of Independent Registered Public Accounting Firm
To the Member and Board of Directors
CSC Holdings, LLC:
Opinion on the Consolidated Financial Statements
We have audited the accompanying consolidated balance sheets of CSC Holdings, LLC and subsidiaries (the Company) as of December 31, 2023 and 2022, the related consolidated statements of operations, comprehensive income, changes in total member’s equity (deficiency), and cash flows for each of the years in the three-year period ended December 31, 2023, and the related notes (collectively, the consolidated financial statements). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2023 and 2022, and the results of its operations and its cash flows for each of the years in the three-year period ended December 31, 2023, in conformity with U.S. generally accepted accounting principles.
Basis for Opinion
These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB and in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion.
Critical Audit Matter
The critical audit matter communicated below is a matter arising from the current period audit of the consolidated financial statements that was communicated or required to be communicated to the audit committee and that: (1) relates to accounts or disclosures that are material to the consolidated financial statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of a critical audit matter does not alter in any way our opinion on the consolidated financial statements, taken as a whole, and we are not, by communicating the critical audit matter below, providing a separate opinion on the critical audit matter or on the accounts or disclosures to which it relates.
Evaluation of Goodwill for Impairment
As discussed in Note 10 to the consolidated financial statements, the Company’s goodwill balance as of December 31, 2023, was $8,045 million. The Company assesses recoverability of goodwill at the reporting unit level annually, or more frequently whenever events or changes in circumstances indicate that the carrying amount of a reporting unit more likely than not exceeds its fair value. The Company recognized an impairment charge of $163.1 million for the year ended December 31, 2023, relating to its News and Advertising reporting unit, as its carrying value exceeded its fair value. There was no impairment recognized related to the Telecommunications reporting unit.
We identified the evaluation of goodwill for impairment for the News and Advertising and Telecommunications reporting units as a critical audit matter. Challenging auditor judgment and involvement of valuation professionals with specialized skills and knowledge were required to evaluate certain assumptions used to estimate the fair value of these reporting units, such as revenue growth rates, long-term growth rates, and discount rates. Changes in these assumptions could have had a significant impact on the Company’s assessment of each reporting unit’s carrying value of goodwill.
The following are the primary procedures we performed to address this critical audit matter. We evaluated the design and tested the operating effectiveness of certain internal controls related to the annual goodwill impairment testing. This included controls related to the Company’s development of revenue growth rates, long-term growth
F-5

rates, and discount rates. We performed sensitivity analyses over the revenue growth rate, long-term growth rate, and discount rate assumptions used in the Company’s estimates of the fair values of the News and Advertising and Telecommunications reporting units. We evaluated the Company’s revenue growth rate assumptions for each reporting unit by comparing them to each reporting unit’s historical revenue growth rates. We compared the Company’s historical revenue forecasts to actual results to assess the Company’s ability to accurately forecast. We involved valuation professionals with specialized skills and knowledge, who assisted in:
•evaluating the long-term growth rates by independently developing long-term growth rate ranges using publicly available market data and comparing them to the Company’s long-term growth rates
•evaluating the discount rates by independently developing discount rate ranges using publicly available market data for comparable entities and comparing them to the Company’s discount rate for each reporting unit
•developing an estimated range of fair value for each reporting unit using the Company’s cash flow projections and the independently developed discount rate ranges and long-term growth rates and compared the results to the Company’s fair value estimates.

/s/ KPMG LLP

We have served as the Company’s auditor since 2016.
New York, New York
February 14, 2024
F-6
ALTICE USA, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In thousands)
December 31,
20232022
ASSETS
Current Assets:
Cash and cash equivalents$302,058 $305,484 
Restricted cash280 267 
Accounts receivable, trade (less allowance for doubtful accounts of $21,915 and $20,767, respectively)
357,597 365,992 
Prepaid expenses and other current assets ($407 and $572 due from affiliates, respectively)
174,859 130,684 
Derivative contracts— 263,873 
Investment securities pledged as collateral— 1,502,145 
Total current assets834,794 2,568,445 
Property, plant and equipment, net of accumulated depreciation of $8,162,442 and $7,785,397, respectively
8,117,757 7,500,780 
Right-of-use operating lease assets255,545 250,601 
Other assets195,114 259,681 
Amortizable intangibles, net of accumulated amortization of $5,874,612 and $5,549,674, respectively
1,259,335 1,660,331 
Indefinite-lived cable franchise rights13,216,355 13,216,355 
Goodwill8,044,716 8,208,773 
Total assets$31,923,616 $33,664,966 
LIABILITIES AND STOCKHOLDERS' DEFICIENCY
Current Liabilities:
Accounts payable$936,950 $1,213,806 
Interest payable274,507 252,351 
Accrued employee related costs182,146 139,328 
Deferred revenue85,018 80,559 
Debt359,407 2,075,077 
Other current liabilities ($71,523 and $20,857 due to affiliates, respectively)
470,096 278,580 
Total current liabilities2,308,124 4,039,701 
Other liabilities221,249 274,623 
Deferred tax liability4,848,460 5,081,661 
Right-of-use operating lease liability264,647 260,237 
Long-term debt, net of current maturities24,715,554 24,512,656 
Total liabilities32,358,034 34,168,878 
Commitments and contingencies (Note 17)
Stockholders' Deficiency:
Preferred stock, $0.01 par value, 100,000,000 shares authorized, no shares issued and
outstanding
— — 
Class A common stock: $0.01 par value, 4,000,000,000 shares authorized, 271,772,978 issued and outstanding as of December 31, 2023 and 271,851,984 and 271,833,063 shares issued and outstanding as of December 31, 2022
2,718 2,719 
Class B common stock: $0.01 par value, 1,000,000,000 shares authorized, 490,086,674 issued, 184,224,428 shares outstanding as of December 31, 2023 and 184,329,229 shares outstanding as of December 31, 2022
1,842 1,843 
Class C common stock: $0.01 par value, 4,000,000,000 shares authorized, no shares
issued and outstanding
— — 
Paid-in capital187,186 182,701 
Accumulated deficit(601,075)(654,273)
(409,329)(467,010)
Treasury stock, at cost (18,921 Class A common shares at December 31, 2022)
— — 
Accumulated other comprehensive loss(12,851)(8,201)
Total Altice USA stockholders' deficiency(422,180)(475,211)
Noncontrolling interests(12,238)(28,701)
Total stockholders' deficiency(434,418)(503,912)
Total liabilities and stockholders' deficiency$31,923,616 $33,664,966 
See accompanying notes to consolidated financial statements.
F-7

ALTICE USA, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
Years ended December 31, 2023, 2022 and 2021
(In thousands, except per share amounts)
202320222021
Revenue (including revenue from affiliates of $1,471, $2,368 and $13,238, respectively) (See Note 16)
$9,237,064 $9,647,659 $10,090,849 
Operating expenses:
Programming and other direct costs (including charges from affiliates of $13,794, $14,321 and $17,167, respectively) (See Note 16)
3,029,842 3,205,638 3,382,129 
Other operating expenses (including charges from affiliates of $57,063, $12,210 and $11,989, respectively) (See Note 16)
2,646,258 2,735,469 2,379,765 
Restructuring, impairments and other operating items (See Note 7)214,727 130,285 17,176 
Depreciation and amortization (including impairments)1,644,297 1,773,673 1,787,152 
 7,535,124 7,845,065 7,566,222 
Operating income1,701,940 1,802,594 2,524,627 
Other income (expense):
Interest expense, net(1,639,120)(1,331,636)(1,266,591)
Gain (loss) on investments and sale of affiliate interests, net180,237 (659,792)(88,898)
Gain (loss) on derivative contracts, net(166,489)425,815 85,911 
Gain on interest rate swap contracts, net32,664 271,788 92,735 
Gain (loss) on extinguishment of debt and write-off of deferred financing costs 4,393 (575)(51,712)
Other income, net4,940 8,535 9,835 
(1,583,375)(1,285,865)(1,218,720)
Income before income taxes118,565 516,729 1,305,907 
Income tax expense(39,528)(295,840)(294,975)
Net income79,037 220,889 1,010,932 
Net income attributable to noncontrolling interests
(25,839)(26,326)(20,621)
Net income attributable to Altice USA, Inc. stockholders
$53,198 $194,563 $990,311 
Income per share:
Basic income per share
$0.12 $0.43 $2.16 
Basic weighted average common shares (in thousands)454,723 453,244 458,311 
Diluted income per share$0.12 $0.43 $2.14 
Diluted weighted average common shares (in thousands)455,034 453,282 462,295 
Cash dividends declared per common share
$— $— $— 

See accompanying notes to consolidated financial statements.
F-8

ALTICE USA, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Years ended December 31, 2023, 2022 and 2021
(In thousands)

202320222021
Net income$79,037 $220,889 $1,010,932 
Other comprehensive income (loss):
Defined benefit pension plans(5,424)(20,526)4,772 
Applicable income taxes1,463 5,537 (1,259)
Defined benefit pension plans, net of income taxes(3,961)(14,989)3,513 
Foreign currency translation adjustment(689)291 (662)
Other comprehensive income (loss)(4,650)(14,698)2,851 
Comprehensive income74,387 206,191 1,013,783 
Comprehensive income attributable to noncontrolling interests(25,839)(26,326)(20,621)
Comprehensive income attributable to Altice USA, Inc. stockholders$48,548 $179,865 $993,162 

See accompanying notes to consolidated financial statements.

F-9


ALTICE USA, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIENCY
Years ended December 31, 2023, 2022 and 2021
(In thousands)

Class A
Common
Stock
Class B
Common
Stock		Paid-in
Capital		Retained Earnings (Accumulated
Deficit)		Treasury StockAccumulated
Other
Comprehensive
Income (Loss)		Total
Altice USA
Stockholders'
Equity (Deficiency)		Non-controlling InterestsTotal
Equity (Deficiency)
Balance at January 1, 2021$2,972 $1,859 $— $(985,641)$(163,866)$3,646 $(1,141,030)$(62,109)$(1,203,139)
Net income attributable to Altice USA stockholders— — — 990,311 — — 990,311 — 990,311 
Net income attributable to noncontrolling interests
— — — — — — — 20,621 20,621 
Distributions to noncontrolling interests— — — — — — — (14,004)(14,004)
Pension liability adjustments, net of income taxes— — — — — 3,513 3,513 — 3,513 
Foreign currency translation adjustment— — — — — (662)(662)— (662)
Share-based compensation expense (equity classified)— — 17,990 79,521 — — 97,511 — 97,511 
Redeemable equity vested— — — 23,749 — — 23,749 — 23,749 
Change in redeemable equity
— — — 2,014 — — 2,014 — 2,014 
Class A shares acquired through share repurchase program and retired(236)— — (804,692)— — (804,928)— (804,928)
Conversion of Class B to Class A shares16 (16)— — — — — — — 
Retirement of treasury stock and issuance of common shares pursuant to employee LTIP(49)— 15 (149,932)163,866 — 13,900 — 13,900 
Other — — — (4,166)— — (4,166)4,378 212 
Balance at December 31, 2021$2,703  $1,843 $18,005 $(848,836)$— $6,497 $(819,788)$(51,114)$(870,902)

See accompanying notes to consolidated financial statements.


F-10

ALTICE USA, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIENCY (continued)
Years ended December 31, 2023, 2022 and 2021
(In thousands)

Class A
Common
Stock
Class B
Common
Stock		Paid-in
Capital		Retained Earnings (Accumulated
Deficit)		Treasury StockAccumulated
Other
Comprehensive
Income (Loss)		Total
Altice USA
Stockholders'
Equity (Deficiency)		Non-controlling InterestsTotal
Equity (Deficiency)
Balance at January 1, 2022$2,703 $1,843 $18,005 $(848,836)$— $6,497 $(819,788)$(51,114)$(870,902)
Net income attributable to Altice USA stockholders— — — 194,563 — — 194,563 — 194,563 
Net income attributable to noncontrolling interests— — — — — — — 26,326 26,326 
Distributions to noncontrolling interests— — — — — — — (3,913)(3,913)
Pension liability adjustments, net of income taxes— — — — — (14,989)(14,989)— (14,989)
Foreign currency translation adjustment— — — — — 291 291 — 291 
Share-based compensation expense (equity classified)— — 167,410 — — — 167,410 — 167,410 
Issuance of common shares pursuant to employee long term incentive plan16 — 63 — — — 79 — 79 
Other— — (2,777)— — — (2,777)— (2,777)
Balance at December 31, 2022$2,719  $1,843 $182,701 $(654,273)$— $(8,201)$(475,211)$(28,701)$(503,912)

See accompanying notes to consolidated financial statements.

F-11

ALTICE USA, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIENCY (continued)
Years ended December 31, 2023, 2022 and 2021
(In thousands)

Class A
Common
Stock
Class B
Common
Stock		Paid-in
Capital		Retained Earnings (Accumulated
Deficit)		Treasury StockAccumulated
Other
Comprehensive
Income (Loss)		Total
Altice USA
Stockholders'
Equity (Deficiency)		Non-controlling InterestsTotal
Equity (Deficiency)
Balance at January 1, 2023$2,719 $1,843 $182,701 $(654,273)$— $(8,201)$(475,211)$(28,701)$(503,912)
Net income attributable to Altice USA stockholders— — — 53,198 — — 53,198 — 53,198 
Net income attributable to noncontrolling interests— — — — — — — 25,839 25,839 
Distributions to noncontrolling interests— — — — — — — (1,077)(1,077)
Pension liability adjustments, net of income taxes— — — — — (3,961)(3,961)— (3,961)
Foreign currency translation adjustment— — — — — (689)(689)(8)(697)
Share-based compensation expense (equity classified)— — 19,090 — — — 19,090 — 19,090 
Change in noncontrolling interest — — (12,815)— — — (12,815)(8,291)(21,106)
Other(1)(1)(1,790)— — — (1,792)— (1,792)
Balance at December 31, 2023$2,718  $1,842 $187,186 $(601,075)$— $(12,851)$(422,180)$(12,238)$(434,418)

See accompanying notes to consolidated financial statements.
F-12

ALTICE USA, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
Years ended December 31, 2023, 2022 and 2021
(In thousands)

 202320222021
Cash flows from operating activities:
Net income$79,037 $220,889 $1,010,932 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization (including impairments)1,644,297 1,773,673 1,787,152 
Loss (gain) on investments and sale of affiliate interests, net(180,237)659,792 88,898 
Loss (gain) on derivative contracts, net166,489 (425,815)(85,911)
Loss (gain) on extinguishment of debt and write-off of deferred financing costs(4,393)575 51,712 
Amortization of deferred financing costs and discounts (premiums) on indebtedness34,440 77,356 91,226 
Share-based compensation expense47,926 159,985 98,296 
Deferred income taxes(226,915)36,385 40,701 
Decrease in right-of-use assets46,108 44,342 43,820 
Provision for doubtful accounts84,461 88,159 68,809 
Goodwill impairment163,055 — — 
Other11,169 3,460 4,928 
Change in assets and liabilities, net of effects of acquisitions and dispositions:
Accounts receivable, trade(77,703)(45,279)(30,379)
Prepaid expenses and other assets(54,782)50,419 28,343 
Amounts due from and due to affiliates50,831 (7,749)23,758 
Accounts payable and accrued liabilities(39,256)46,724 (177,326)
Deferred revenue9,164 (14,953)(40,929)
Interest rate swap contracts72,707 (301,062)(149,952)
Net cash provided by operating activities1,826,398 2,366,901 2,854,078 
Cash flows from investing activities:
Capital expenditures(1,704,811)(1,914,282)(1,231,715)
Payments for acquisitions, net of cash acquired— (2,060)(340,444)
Other, net(1,712)(5,168)(1,444)
Net cash used in investing activities(1,706,523)(1,921,510)(1,573,603)
Cash flows from financing activities:
Proceeds from long-term debt2,700,000 4,276,903 4,410,000 
Repayment of debt(2,688,009)(4,469,727)(4,870,108)
Proceeds from collateralized indebtedness and related derivative contracts, net38,902 — 185,105 
Repayment of collateralized indebtedness and related derivative contracts, net— — (185,105)
Principal payments on finance lease obligations(149,297)(134,682)(85,949)
Purchase of shares of Altice USA, Inc. Class A common stock, pursuant to a share repurchase program— — (804,928)
Payments to acquire noncontrolling interest(14,070)— — 
Other, net(10,117)(8,400)(11,539)
Net cash used in financing activities(122,591)(335,906)(1,362,524)
Net increase (decrease) in cash and cash equivalents(2,716)109,485 (82,049)
Effect of exchange rate changes on cash and cash equivalents(697)291 (662)
Net increase (decrease) in cash and cash equivalents(3,413)109,776 (82,711)
Cash, cash equivalents and restricted cash at beginning of year305,751 195,975 278,686 
Cash, cash equivalents and restricted cash at end of year$302,338 $305,751 $195,975 

See accompanying notes to consolidated financial statements.
F-13

CSC HOLDINGS, LLC AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In thousands)
December 31,
20232022
ASSETS
Current Assets:
Cash and cash equivalents$302,051 $305,477 
Restricted cash280 267 
Accounts receivable, trade (less allowance for doubtful accounts of $21,915 and $20,767, respectively)
357,597 365,992 
Prepaid expenses and other current assets ($407 and $572 due from affiliates, respectively)
174,859 130,684 
Derivative contracts— 263,873 
Investment securities pledged as collateral— 1,502,145 
Total current assets834,787 2,568,438 
Property, plant and equipment, net of accumulated depreciation of $8,162,442 and $7,785,397, respectively
8,117,757 7,500,780 
Right-of-use operating lease assets255,545 250,601 
Other assets 195,114 259,681 
Amortizable intangibles, net of accumulated amortization of $5,874,612 and $5,549,674, respectively
1,259,335 1,660,331 
Indefinite-lived cable franchise rights13,216,355 13,216,355 
Goodwill8,044,716 8,208,773 
Total assets$31,923,609 $33,664,959 
LIABILITIES AND MEMBER'S DEFICIENCY
Current Liabilities:
Accounts payable$936,950 $1,213,806 
Interest payable274,507 252,351 
Accrued employee related costs182,146 139,328 
Deferred revenue85,018 80,559 
Debt359,407 2,075,077 
Other current liabilities ($71,523 and $20,857 due to affiliates, respectively)
470,097 278,580 
Total current liabilities2,308,125 4,039,701 
Other liabilities221,249 274,623 
Deferred tax liability4,851,959 5,090,294 
Right-of-use operating lease liability264,647 260,237 
Long-term debt, net of current maturities24,715,554 24,512,656 
Total liabilities32,361,534 34,177,511 
Commitments and contingencies (Note 17)
Member's deficiency (100 membership units issued and outstanding)
(412,836)(475,650)
Accumulated other comprehensive income(12,851)(8,201)
Total member's deficiency(425,687)(483,851)
Noncontrolling interests(12,238)(28,701)
Total deficiency(437,925)(512,552)
Total liabilities and member's deficiency$31,923,609 $33,664,959 

See accompanying notes to consolidated financial statements.
F-14

CSC HOLDINGS LLC AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
Years ended December 31, 2023, 2022 and 2021
(In thousands)

202320222021
Revenue (including revenue from affiliates of $1,471, $2,368 and $13,238, respectively) (See Note 16)
$9,237,064 $9,647,659 $10,090,849 
Operating expenses:
Programming and other direct costs (including charges from affiliates of $13,794, $14,321 and $17,167, respectively) (See Note 16)
3,029,842 3,205,638 3,382,129 
Other operating expenses (including charges from affiliates of $57,063, $12,210 and $11,989 respectively) (See Note 16)
2,646,258 2,735,469 2,379,765 
Restructuring, impairments and other operating items (See Note 7) 214,727 130,285 17,176 
Depreciation and amortization (including impairments)1,644,297 1,773,673 1,787,152 
 7,535,124 7,845,065 7,566,222 
Operating income1,701,940 1,802,594 2,524,627 
Other income (expense):
Interest expense, net (1,639,120)(1,331,636)(1,266,591)
Gain (loss) on investments and sale of affiliate interests, net180,237 (659,792)(88,898)
Gain (loss) on derivative contracts, net(166,489)425,815 85,911 
Gain on interest rate swap contracts, net32,664 271,788 92,735 
Gain (loss) on extinguishment of debt and write-off of deferred financing costs4,393 (575)(51,712)
Other income, net4,940 8,535 9,835 
(1,583,375)(1,285,865)(1,218,720)
Income before income taxes118,565 516,729 1,305,907 
Income tax expense(42,577)(292,152)(297,110)
Net income75,988 224,577 1,008,797 
Net income attributable to noncontrolling interests(25,839)(26,326)(20,621)
Net income attributable to CSC Holdings, LLC sole member$50,149 $198,251 $988,176 

See accompanying notes to consolidated financial statements.

F-15

CSC HOLDINGS, LLC AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Years ended December 31, 2023, 2022 and 2021
(In thousands)

202320222021
Net income$75,988 $224,577 $1,008,797 
Other comprehensive income (loss):
Defined benefit pension plans(5,424)(20,526)4,772 
Applicable income taxes1,463 5,537 (1,259)
Defined benefit pension plans, net of income taxes(3,961)(14,989)3,513 
Foreign currency translation adjustment(689)291 (662)
Other comprehensive income (loss)(4,650)(14,698)2,851 
Comprehensive income71,338 209,879 1,011,648 
Comprehensive income attributable to noncontrolling interests(25,839)(26,326)(20,621)
Comprehensive income attributable to CSC Holdings, LLC's sole member$45,499 $183,553 $991,027 

See accompanying notes to consolidated financial statements.

F-16

CSC HOLDINGS, LLC AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN TOTAL MEMBER'S DEFICIENCY
Years ended December 31, 2023, 2022 and 2021
(In thousands)

Member's Equity (Deficiency)Accumulated Other Comprehensive Income (Loss)Total Member's Equity (Deficiency)Noncontrolling InterestsTotal Equity (Deficiency)
Balance at January 1, 2021$(1,172,505)$3,646 $(1,168,859)$(62,109)$(1,230,968)
Net income attributable to CSC Holdings' sole member988,176 — 988,176 — 988,176 
Net income attributable to noncontrolling interests— — — 20,621 20,621 
Distributions to noncontrolling interests— — — (14,004)(14,004)
Pension liability adjustments, net of income taxes— 3,513 3,513 — 3,513 
Foreign currency translation adjustment— (662)(662)— (662)
Share-based compensation expense (equity classified)97,511 — 97,511 — 97,511 
Redeemable equity vested23,749 — 23,749 — 23,749 
Change in redeemable equity2,014 — 2,014 — 2,014 
Cash distributions to parent(763,435)— (763,435)— (763,435)
Non-cash distributions to parent(19,500)— (19,500)— (19,500)
Other(4,166)— (4,166)4,378 212 
Balance at December 31, 2021(848,156)6,497 (841,659)(51,114)(892,773)
Net income attributable to CSC Holdings' sole member198,251 — 198,251 — 198,251 
Net income attributable to noncontrolling interests— — — 26,326 26,326 
Distributions to noncontrolling interests— — — (3,913)(3,913)
Pension liability adjustments, net of income taxes— (14,989)(14,989)— (14,989)
Foreign currency translation adjustment— 291 291 — 291 
Share-based compensation expense (equity classified)167,410 — 167,410 — 167,410 
Cash distributions to parent, net(170)— (170)— (170)
Non-cash contributions from parent7,015 — 7,015 — 7,015 
Balance at December 31, 2022(475,650)(8,201)(483,851)(28,701)(512,552)
Net income attributable to CSC Holdings' sole member50,149 — 50,149 — 50,149 
Net income attributable to noncontrolling interests— — — 25,839 25,839 
Distributions to noncontrolling interests— — — (1,077)(1,077)
Pension liability adjustments, net of income taxes— (3,961)(3,961)— (3,961)
Foreign currency translation adjustment— (689)(689)(8)(697)
Share-based compensation expense (equity classified)19,090 — 19,090 — 19,090 
Cash distributions to parent, net(1,793)— (1,793)— (1,793)
Change in noncontrolling interest(12,815)— (12,815)(8,291)(21,106)
Non-cash contributions from parent8,183 — 8,183 — 8,183 
Balance at December 31, 2023$(412,836)$(12,851)$(425,687)$(12,238)$(437,925)

See accompanying notes to consolidated financial statements.
F-17

CSC HOLDINGS LLC AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
Years ended December 31, 2023, 2022 and 2021

 202320222021
Cash flows from operating activities:
Net income $75,988 $224,577 $1,008,797 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization (including impairments)1,644,297 1,773,673 1,787,152 
Loss (gain) on investments and sale of affiliate interests, net(180,237)659,792